Standard Chartered and Ant Launch Tokenized Deposits Platform for SGD, USD, and HKD

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Standard Chartered and Ant International have launched a token launch for tokenized deposits in Singapore and Hong Kong, supporting SGD, USD, and HKD. The blockchain-based platform, built on MAS’s Project Guardian, connects bank ledgers to blockchain for real-time, compliant fund transfers. Using the Whale platform, Ant can move funds between entities 24/7. The system also supports offshore renminbi, enhancing liquidity management across markets.
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